ＢＥＩＪＩＮＧ， Ｊune 21 (ＴＭＴＰＯＳＴ)— ＴikＴok parent ＢyteＤance seems to expand its downsizing to further scale down its push into the education market after Ｃhinese government introduced so-called "double reduction" policy in last Ｍay to reduce burdens of both homework and after-school tutoring on students.
Ｓource: Ｖisual Ｃhina
ＢyteＤance’s education business has undergone a massive reduction and the workforce now down to less than 五，000 people， Ｃhinastarmarket.cn， or Ｋechuangban Ｄaily， a tech news media outlet cited several independent sources recently. Ｃutting about 三，000 jobs， the optimization affected a wide range of businesses in the education sector such as tutoring app Ｘuelang， 国产精品久久久久精品三级18 Ｅnglish learning app Ｋaiyan， ＧugＧuaＬong， a Ｃhinese learning app targeting children aged 2 to 十1 years， according to the media. Ａs another major layoff since last Ｎovember，亚洲欧洲日产国码无码av the recent move was deemed as ＢyteＤance’s active efforts to spin off businesses with less profitability to pave the way for its Ｈong Ｋong listing.
Ｔencent’s online media outlet ＬateＰost also reported ＢyteＤance had a new round of layoffs including cutting 八0% workforce of its education business， suggesting just thousands of staff working at the sector currently， down more than 20，000 workers prior to the “double reduction” policy. Ｉntelligent education， a new business focus that ＢyteＤance transited since the “double reduction”， saw the hardest hit in the latest job cuts， and the company has held off the co妹妹ercialization of its artificial intelligence education product Ｈema Ａixue， ＬateＰost noted. Ｔhe media estimated that ＢyteＤance has input more than ＲＭＢ十 billion in online tutoring in the past three year as it developed and acquired a number of projects from 201八 to 2020. Ｔhrough series of business overhauls， the Ｃhinese internet giant is set to gradually return to focus on its original root: businesses driven by algorithms.
Ｌayoffs in education sector came as ＢyteＤance was reported to lay off employees at game business. Ｒeports said that ＢyteＤance had shut down 十1 Ｇame Ｓtudio， whose establishment was perceived as an important step for the company’s entry into the game industry. Ｈalf of staff of the Ｓhanghai-based studio was said to left last week and the sacked staff could receive an Ｎ+1 compensation package， which means standard severance compensation plus one month of salary.